Canadian miners may receive additional electricity from the state

Canadian miners may receive additional electricity from the state

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Canadian miners may receive additional electricity from the state. The authorities of the Canadian province of Quebec have developed new rules for regulating the mining of cryptocurrencies, according to which mining companies will receive an additional 300 MW from the state energy company Hydro-Quebec.

To obtain this electricity miners will have to fulfill a number of requirements. In particular, to provide jobs to residents of the province and to ensure the use of secondary heat generated in the process of mining cryptocurrency.

Thus, Hydro-Quebec hopes to reduce total electricity consumption by 10% and keep consumers low.

Recall that in June 2018, Hydro Quebec submitted to the provincial authorities a plan that made it possible to cancel the moratorium on issuing permits for mining operations, introduced in connection with the “unprecedented” level of electricity demand in the province.

Canadian miners may receive additional electricity from the state

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